FraudTalk is a blog focused on the review and discussion of recent significant cases of fraud, corruption and employee misconduct - particularly major embezzlement cases in the US. Fraud Talk is published by Chris Marquet, Chairman & CEO of Marquet International Ltd., an international investigations, litigation support and due diligence firm.

Friday, July 8, 2011

Missouri Woman Sentenced For Embezzling $168,000

Lisa Rae Price, 43, of Herculaneum, Missouri, has been sentenced to 18 months in prison for embezzling more than $168,000 from Paradise Fiberglass Pools Inc., where she had been employed as a bookkeeper. According to authorities, over a period of 5 1/2 years, from January 2005 to July 2010, Price company ATM card to withdraw cash from company bank accounts for her personal use. Price reportedly spent much of the ill-gotten gains at regional casinos. She also spent money on personal items and personal bills. Price allegedly attempted to commit arson in an effort to cover up the thefts. Last April, Price pleaded guilty to one felony count of wire fraud.

About the Author - Chris Marquet

Chris Marquet is President, Investigative Services with SunBlock Systems, an investigations, litigation support, computer forensics & cyber security firm. Chris has over 34 years of professional experience in industry with Marquet International and prior stints with Kroll Associates, Citigate Global Intelligence and Decision Strategies/Vance International.
Chris is the author of many articles and white papers, including the annual Marquet Report on Embezzlement as well as the Marquet Report on Ponzi Schemes. He has lectured extensively on subjects relating to employee misconduct; due diligence; business intelligence, internal investigations, fraud, employee integrity, workplace violence, kidnapping, terrorism, crisis management and travel security.
Chris is a Certified Board Advisor and Board Member for the Center for Strategic Business Integrity. He received an A.B. degree from Dartmouth College in 1983, with a triple major in Physics, Economics, and Philosophy.
He can be reached at cmarquet@sunblocksystems.com